By David O. Williams |RealVail.com| President Donald Trump is poised to issue an executive order fast-tracking the Uinta Basin Railway that could lead...
Story By Alex Kimani for Oilprice.com | Saudi Arabia is getting ready to engage in a protracted oil price war with its...
By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would add to oil production in May have not...
On June 3, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, announced it will acquire Sitio Royalties (NYSE: STR) in an...
Published by Kristian Ilasko, Digital Content Coordinator | Hydrocarbon Engineering | Although global oil demand is expected to grow, the long-term outlook for...
The Trump administration is once again turning its attention to Alaska, sending three Cabinet members north this week to support long-stalled oil...
by Andreas Exarheas|RigZone.com| A statement posted on OPEC’s website on Saturday announced that Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman...
A recent ruling from the Supreme Court of Texas has clarified a long-standing legal gray area in the oil and gas sector:...
Laila Kearney (Reuters) – PG&E (PCG.N), California’s largest electric utility, has seen a jump of more than 40% this year in requests...
In the heart of West Texas, where the highways stretch for miles and the horizon is dotted with pumpjacks, oil theft is...
The Dow Jones Industrial Average jumped by almost 3,000 points on Wednesday, its most ever for one day, after President Donald Trump's 90-day pause on most reciprocal tariffs and a surprisingly strong Treasury auction.
The Nasdaq Composite and S&P 500 also secured their biggest one-day point gains on record. The Nasdaq had its best day in 24 years, while Wednesday was the S&P 500's best day in more than 16 years.
The Dow Jones rose 2,962.86 points, or 7.9%, to close at 40,608.45, based on preliminary data. That exceeded the 2,112.98-point gain seen on March 24, 2020.
The S&P 500 rose 474.13 points, or 9.5%, to end at 5,456.90, breaking a four-session streak of losses. That was its biggest percentage gain since Oct. 28, 2008.
The Nasdaq Composite jumped 1,857.06 points, or 12%, to finish at 17,124.97. That was its largest percentage gain since Jan. 3, 2001.
On Wednesday, President Trump said he would pause his reciprocal tariffs for most countries for the next 90 days, backing down on his policy that had sent markets into a tailspin and threatened to upend global trade. However, Mr. Trump said his break did not include China, announcing he would raise tariffs on its exports to 125 percent after Beijing announced a new round of retaliation.
The White House press secretary, Karoline Leavitt, said the tariff level would be brought down to a universal 10 percent—a significant reduction for many countries.
The Trump administration is once again turning its attention to Alaska, sending three Cabinet...
In a surprising legal development, the New Mexico Court of Appeals has dismissed a...
On June 3, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, announced it...
by Andreas Exarheas|RigZone.com| A statement posted on OPEC’s website on Saturday announced that Saudi Arabia,...
Story By Alex Kimani for Oilprice.com | Saudi Arabia is getting ready to engage...
A quiet energy revolution is unfolding in Appalachia, where natural gas from the Marcellus...
Published by Kristian Ilasko, Digital Content Coordinator | Hydrocarbon Engineering | Although global oil demand...
By David O. Williams |RealVail.com| President Donald Trump is poised to issue an executive order...
Mexico’s private oil producer Hokchi Energy is locked in a high-stakes standoff with Pemex...
The World Bank has made a landmark decision by lifting its long-standing ban on...
By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would...
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